Volga Federal District

District in Russia

2019
Economic
Complexity
: -0.039, Rank 1 of 8

Nov 2020
Trade
Exports | Imports
: $2.47B | $1.27B, 4 of 8 | 3 of 8

Nov 2020
Country
Destination | Origin
: Belarus | China , $222M  | $226M

Nov 2020
Product
Exports | Imports
: Refined Petroleum | Vehicle Parts , $374M  | $149M

Overview: This page contains the latest international trade data for VOLGA FEDERAL DISTRICT, including export and import data.

Exports: In 2020, Russia's Volga Federal District exported $25.4B, making it the 4th largest exporter out of the 8 exporters in Russia. In 2020 the top exports of Volga Federal District were Light petroleum distillates nes ($4.08B), Petroleum oils, oils from bituminous minerals,... ($2.56B), Petroleum spirit for motor vehicles ($1.64B), Potassium chloride, in packs >10 kg ($1.6B), and Commodities not specified according to kind ($1.16B).

Imports: In 2020, Russia's Volga Federal District imported $11.2B, making it the 3rd largest importer out of the 8 importers in Russia. In 2020 top imports of Volga Federal District were Machinery for treatment by temperature change... ($410M), Transmissions for motor vehicles ($227M), Parts and accessories of bodies nes... ($201M), Palm oil or fractions simply refined ($195M), and Engines, diesel, for motor vehicles ($193M).

Economic Complexity: In 2019, the highest complexity exports of Volga Federal District according to the product complexity index (PCI) are Polyamides (1.55), Phenols (1.41), Other Heating Machinery (1.27), Magnesium (1.17), and Newsprint (1.13). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between VOLGA FEDERAL DISTRICT's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): Kazakhstan, $2.03B

Top Product (2020): Light petroleum distillates nes, $4.08B

In 2020 the top export destinations of Volga Federal District were Kazakhstan ($2.03B), Belarus ($1.86B), Netherlands ($1.74B), China ($1.67B), and Poland ($1.31B).

In 2020 the top exports of Volga Federal District were Light petroleum distillates nes ($4.08B), Petroleum oils, oils from bituminous minerals,... ($2.56B), Petroleum spirit for motor vehicles ($1.64B), Potassium chloride, in packs >10 kg ($1.6B), and Commodities not specified according to kind ($1.16B).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Value
Depth

Top Origin (2020): China, $2.07B

Top Import (2020): Machinery for treatment by temperature change..., $410M

In 2020 the top import origins of Volga Federal District were China ($2.07B), Germany ($1.7B), Italy ($689M), Belarus ($652M), and United States ($502M).

In 2020 the top imports of Volga Federal District were Machinery for treatment by temperature change... ($410M), Transmissions for motor vehicles ($227M), Parts and accessories of bodies nes... ($201M), Palm oil or fractions simply refined ($195M), and Engines, diesel, for motor vehicles ($193M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Volga Federal District ranks 1st out of the 8 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Volga Federal District it is in position 1st considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Volga Federal District already has a comparative advantage, are led by Petroleum Gas (0.18), Coal Briquettes (0.18), Iron Reductions (0.17), Nickel Powder (0.17), and Raw Aluminium (0.16).

Most Complex Products by PCI

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The highest complexity exports of Volga Federal District according to the product complexity index (PCI) are Polyamides (1.55), Phenols (1.41), Other Heating Machinery (1.27), Magnesium (1.17), and Newsprint (1.13). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Potassic Fertilizers (62.7), Pig Iron (59.4), Ammonia (52.8), Other Metals (22.1), and Seed Oils (21.9).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Volga Federal District is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Volga Federal District. These are products that tend to be co-exported with the products that Volga Federal District exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.